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With the Fed’s balance sheet at $3.2 trillion and counting, policy makers might find themselves looking to Economics Professor Scott Sumner’s Nominal GDP policy where less is more.
Economics Professor Dhaval Dave highlights the importance of prescription drug advertising after weighing the effects of direct-to-consumer marketing techniques.
Economics Professor Scott Sumner provides insight on how the Federal Reserve Bank's recent decisions relate to his framework for nominal GDP targeting and what implications this will have for the U.S. economy.